Certified Purchase Manager

Course details

Vskills certification in Purchase Management provides an overview of the purchase function and its importance in smooth functioning of operations and supply chain management. The certification focuses on providing an outline of the responsibilities as a purchase manager to control the overall procedure of material handling and purchase function. The certification imparts requisite skills for maintaining adequate and in-time purchase of the material together with ensuring economic-efficiency and quality of goods and service procured.

Why should one take this certification?
The certification exam helps working professionals in improving skills and getting better equipped for the job or for the purpose of proving the employer that you posses the skills required to perform the task. The certification helps build your CV and acts as an additional qualification that significantly improves your chances of getting the desired role.

Who will benefit from taking this certification?
Job seekers looking to find employment in purchase department of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role by proving their employers the value of their skills through this certification.

Companies that hire Vskills Purchase Manager
Vskills Certified Purchase Manager might find employment in all kind of companies, big or small, playing important roles in providing strategic and operational guidance in the purchase department. Thus purchase managers have wide spectrum of employment opportunities in public as well as private sector.

Table of Contents

Materials Management

• Objectives of Materials Management
• Functions of Materials Management
• Organisation of Materials Management
• Need, Scope and Functions of Integrated Material Management

Materials Planning

• Need of Materials Planning
• Factors affecting Materials Planning
• Tools of Materials Planning
• Principles and Procedure for Materials Planning
• Basic concepts of MRP (Material Requirements Planning)
• MRP Processing
• Computer Application to MRP Process
• MRP reports - Database recording and maintenance
• Independent and dependent MRP system

Materials Budgeting

• Basic concepts of Materials Budgeting
• Factors affecting Materials Budget
• Materials Budgeting and Accounting

Material Classification, Standardization and Codification

• Material classification for variety reduction
• Material classification on the basis of Value Analysis
• Basic concepts of codification
• Systems of codification
• Classification by codification
• Objectives and scope of standardization
• Simplification/Variety of reduction
• Levels of standard

Material Handling

• Importance and Objectives of Material Handling
• Methods and Practices of Material Handling
• Equipments for Material Handling
• Containerizations
• Waste Management - Surplus and Obsolete
• Damage and Pilferage
• Cost Analysis

Stores Management and Warehousing

• Stores Functions and objectives
• Types of Stores - Centralized and decentralized
• Functions of stores
• Stores Layout, Storage Media and Physical Verification
• Factors affecting successful Store-keeping
• Warehouse Management System (WMS)
• Warehouse operating principles
• Strategy for warehousing
• Planning Warehouse distribution
• Warehouse Layout
• Automatic Warehousing
• Schemes of Automatic Warehousing

Inventory Management

• Types of Inventory
• Types of Inventory Costs and factors affecting
• Inventory Management Models - Deterministic and Probabilistic Models
• Techniques of Inventory Control
• Inventory Performance Measurement (Ratio Analysis)

Purchase Management System

• Objectives of Purchasing
• Functions and responsibilities of Purchase Department
• Methods of Purchasing
• Purchase Department Organization
• JIT Purchasing - Prerequisites and Elements

Vendor Management

• System of Vendor evaluation
• Parameters for evaluation of Vendors Performance
• Social Audit
• Total evaluation - Purchasing Performance, Quantitative Objects etc
• Guidelines for purchase through tender and negotiation tender committee
• Purchase Review

Value Analysis System

• Value Analysis - Procedure and Approach
• Tools for Value Analysis

Negotiation Skills

• Basic approaches for Negotiation
• Strategy and Planning for Negotiation
• Tactics of effective negotiation

Quality Control

• Components and characteristics of quality
• Objectives and functions of quality control
• Acceptance sampling - Principles and Practices
• Double and Multiple Sampling
• OC and AOQ Curve

Stock Keeping and Accounting

• Maintaining Database system
• Preparing reports
• Managing Queries

Legal Framework

• The Indian Contract Act, 1872
• The Sales of Goods Act, 1930
• Special Purchase Contracts
• Goods Delivery

Updated on 31 March, 2019